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🠈  Aimco  🠊

Apartment Investment Management Company

Aimco (Apartment Investment Management Company) is a real estate investment firm headquartered in Denver.

The company was founded in 1975 as the The Considine Company led by Terry Considine. Mr. Considine served as a Colorado State Senator from 1987 to 1992. Considine ran for US Senate in 1992.

Aimco was incorporated as a public company in 1994 and is traded publicly on the NYSE with the symbol AIV. AIV was included in the S&P500 in 2003. A sizable portion of the company's portfolio includes affordable and subsidized housing.

The company has grown through the years by acquisition. Here are a few trades: In 1994, Aimco acquired Homecorp with 5,300 units. In 1996, Aimco acquired Walters Management Company and the J.W. English Company along with part of Balcor Asset Management. In 1997, Aimco acquired National Housing Partnership Incorporated with 87,659 apartments and 8,175 apartment units from Winthrop. In 1998, Aimco acquired Insignia Financial Group in a $910 million transaction. In 2000, Aimco acquired Oxford Realty Financial Group adding 36,662 apartments along with Oxford Tax-Exempt Fund. In 2002, Aimco acquired Casden Properties with 17,383 apartments. In February 2017, the company acquired Indigo Apartments.

In 2016, Aimxo was rated by the National Multifamily Housing Council (pdf) as the 23rd largest multifamily firm in the nation with a portfolio of 49,148 apartment units.

The video discusses the company's culture.

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